Time to dodge fiscal cliff voiced by Obama and Boehner
Washington reports gridlock as stocks fall and a Jan. 1 deadline nears for preventing tax hikes and extended unemployment benefits. Obama urges a bill with shared sacrifice while Boehner says Obama must concede more, both planning to return after Christmas to push a bipartisan solution.
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Kerry Nominated for Secretary of State by Obama
President Obama nominates Massachusetts Senator John Kerry for secretary of state as he reshapes the national security team ahead of a second term. Kerry, long allied with Obama on policy, would replace Hillary Clinton who plans to leave early next year.
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John Kerry III Biography Highlights Political Career and Service
John Forbes Kerry born December 1943 is a long serving U S senator since 1985, former 2004 presidential candidate, Massachusetts lieutenant governor 1983 to 1985, lawyer and former prosecutor. He served as a Navy officer 1966 to 1970 earning Silver Star Bronze Star with Combat V and three Purple Hearts. He studied Yale 1966 and Boston College Law 1976, and has been an unofficial envoy for Obama with wife Teresa Heinz and children. He has advised on Afghanistan and Pakistan policy.
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Three charged in Indianapolis gas blast for insurance
Authorities say Monserrate Shirley, Mark Leonard, and Bob Leonard deliberately staged a deadly November 10 explosion in the Richmond Hill area to secure an insurance payout. The blast killed John and Jennifer Longworth and destroyed five homes. prosecutors consider whether to seek the death penalty or life without parole.
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Senate passes huge defense bill to curb Iran nuclear aims
Notable Congress sent President Barack Obama a $633 billion defense bill for next year to tighten penalties on Iran and boost security at diplomatic missions after the Sept 11 Libya raid. The Senate approved 81-14, hours after the House 315-107 vote.
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Markets End Higher After Week's Rout With Mixed Data
Friday trading sees the Dow down 120.88 points to 13190.84 while the Nasdaq dips to 333021.01 and the S&P 500 loses 13.54 to 1430.15. Commodities show corn at 7.02, soybeans at 14.31, wheat 8.42, oil 88.66, gold 1660.10, and silver at 30.20 with platinum 1536.90.
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Signs of a Stronger U S Economy if Budget Deal Reached
Fresh signs suggest the economy could accelerate in 2013 if fiscal cliff measures are avoided. Consumer spending rose 0.4 percent in November while incomes gained 0.6 percent, aided by wage boosts. Durable goods orders for business investment climbed 2.7 percent, the second straight monthly rise after October’s revision.
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